Barry replied to the topic How to avoid bank traps when looking for loans in the forum Help Needed! 9 years, 9 months ago
Thanks guys,
Im starting my first development ( Corner block 3 unit site) but i know due to being 23 and having a pretty average income that there will come a point that servicing the loans will be an issue for me.
Ideally id like to do 2-3 developments a year. Im pretty confident in finding the right block and actually making equity on the…[Read more]
Barry started the topic How to avoid bank traps when looking for loans in the forum Help Needed! 9 years, 9 months ago
Hi all,
Im wondering if anyone has any advice regarding tricks/traps the banks use against property investors and developers to decline or reduce the amount of the loan they apply for.
Ive heard from a few people in the development game to be “extremely careful” what you disclose to your lender as it is quite easy for them to turn your required…[Read more]
Barry became a registered member 9 years, 9 months ago